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Showing 1281 - 1290 of 2422 results for "Rule"

US fiduciary reforms will rock pension funds

ALEX DUNNIN  |  THURSDAY, 5 MAR 2015
... going to be knocking on the door of HR [human resources]," she said. SIFMA has cautioned that the inhibiting impact such a rule introduction has had on the UK occupational pension fund sector should not be repeated in the US. Explanatory information ...

Government seeks further Asia Funds Passport consultation

MARK SMITH  |  MONDAY, 2 MAR 2015
The government has released a consultation paper on the rules and operational arrangement for the Asia Region Funds Passport. The paper has been prepared by the Asia Region Funds Passport Working Group which includes Australia, Korea, New Zealand, the ...

Super not "a top-up" for Age Pension: FSC

LAURA MILLAN  |  THURSDAY, 26 FEB 2015
Superannuation should no longer be considered "a top-up" for the Age Pension and the tax treatment of super debate can't be brought up in isolation, the Financial Services Council (FSC) chief executive Sally Loane said in her inaugural speech. "The ...

Advisers need to spell out actual retirement outcomes

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... Australians will generally spend 24% of their lives in retirement. To illustrate the problem, Barnett highlighted the 10:2 rule, where an individual's retirement savings are divided over a 10-year period and then halved; a $200,000 super balance, as ...

Market Wrap AM

AAP  |  WEDNESDAY, 25 FEB 2015
The Australian market looks set to open higher following rises on Wall Street after the Federal Reserve chief indicated the US central bank was in no hurry to raise its interest rate. At 0833 AEDT on Wednesday, the March share price index futures contract ...

Westpac, Count on ASIC radar over complex product advice

LAURA MILLAN  |  TUESDAY, 24 FEB 2015
Westpac and Commonwealth Bank-owned Count Financial are among the 10 licensees forced to undertake corrective action following concerns by the Australian Securities and Investments Commission (ASIC) concerns about financial advice relating to complex ...

SMSFs attract too much criticism

MARK SMITH  |  THURSDAY, 19 FEB 2015
Self-managed super fund (SMSF) professionals must steel themselves against the criticism levelled at the sector, said AMP SMSF head of policy and technical Peter Burgess, who set out to dispel some of the charges made against SMSFs in a presentation ...

Pro-active, timely responses avoid SMSF penalties

MARK SMITH  |  THURSDAY, 19 FEB 2015
Responding quickly, honestly and with a realistic plan to correct instances of non-compliance is the best way for self-managed super fund (SMSF) members and trustees to avoid penalties from the ATO. That was the advice dispensed by ATO director of SMSF ...

Remove 10% rule for deductible contributions: SMSF Association

LAURA MILLAN  |  TUESDAY, 17 FEB 2015
The SMSF Association has argued for the removal of the 10% rule for tax deductible voluntary contributions to allow all employees access to deductions to superannuation contributions. "Removing the 10% rule would alleviate the red-tape burden for businesses ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
A former ANZ financial adviser was jailed for six years and three months for defrauding over $5.9 million over a period of 20 years. Melinda Scott will serve three years and ten months in jail before being eligible for parole, the NSW District Court ...